Downsizing has become an extremely popular strategy in today ’s business environment. Companies began downsizing in the late 1970 ’s to cut costs and improve the bottom line (Mishra et al.‚ 1998). The term "downsizing" was coined to describe the action of dismissing a large portion of a company ’s workforce in a very short period of time. According to online encyclopedia http://en.wikipedia.org downsizing refers to "layoffs initiated by a company in order to cut labor costs by reducing the size
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September 10‚ 2012 The implications of downsizing (rightsizing) to the employees‚ communities‚ and families of the Corporate Downsizing What ever happen to the American Dream? Although our economy is struggling daily‚ our government at this point is still not willing to call it a recession. Due to the affect of corporate downsizing people are losing their jobs‚ homes‚ cars‚ families‚ and everything else of any worldly possession
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FACTA UNIVERSITATIS Series: Economics and Organization Vol. 5‚ No 1‚ 2008‚ pp. 51 - 62 THE IMPACT OF DOWNSIZING ON THE CORPORATE REPUTATION UDC 005.32 ∗ Biljana Djordjević‚ Suzana Djukić Faculty of Economics‚ University of Niš‚ Serbia Abstract. This paper deals with the downsizing influences on the corporate reputation. In this paper we stress the importance of the corporate reputation as one of the most important firm ’s intangible assets. This kind of resources could be a significant
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Appelbaum‚ H. S.‚ Lavigne-Schmidt‚ S.: "Downsizing: Measuring the Costs of Failure"‚ Journal of Management Development‚ Vol. 18 Issue 5/6‚ 1999. 2. Baumol‚ Wiliam J.‚ Blinder‚ Alan S.‚ & Edward N. Wolff (2004). Downsizing in America. Reality‚ Causes‚ Consequences. New York‚ Russell Sage Foundation. 3. Burke‚ J. R.‚ Nelson D.: "Mergers and Acquisitions‚ Downsizing‚ and Privatization: A North American Perspective"‚ in The New Organizational Realty – Downsizing‚ Restructuring and Privatization‚ American
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Exploration of meaning of downsizing – Definition Organizational Perspective Downsizing is the planned set of organizational policies and practices aimed at reducing the extant workforce with the goal of improving firm performance (Datta et al.‚ 2010: 282) Individual Perspective Downsizing is a constellation
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Research Paper Downsizing envoys: A public/private sector comparison Ref: 11/12 2012 Dr Ian Ashman Institute for Research into Organisation‚ Work and Employment University of Central Lancashire For any further information on this study‚ or other aspects of the Acas Research and Evaluation programme‚ please telephone 020 7210 3673 or email research@acas.org.uk Acas research publications can be found at www.acas.org.uk/researchpapers ISBN 978-1-908370-22-8 Downsizing envoys: A public/private
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OUTLINE I. An introduction to corporate downsizing. II. The reasons behind a company downsizing. A. Cash flow‚ profits‚ and profit margins. B. Organizational structure and procedures. III. Planning the downsizing. A. Pro and con factors. B. Identifying the options. IV. Implementing the downsizing. A. Announcing the action. B. Communicate. C. Staff Stability. V. Conclusion Corporate Downsizing: A Profitable Benefit Or An Unprofitable Disaster The unemployment level is at an
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so that more people would leave her alone. If anyone had truly paid attention to her‚ they would see that Anathema was always listening to music. Unless‚ of course‚ she was reading. She had what people would call friends‚ but they were certainly not that to Anathema. Dimitri and Asia managed to catch her attention one morning before
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HR STRATEGIES THAT CAN TAKE THE STING OUT OF DOWNSIZING-RELATED LAYOFFS by Franco Gandolfi Strategy | July / August 2008 Share on emailEmail Share on twitterShare on Twitter Share on facebookPost to Facebook Share on linkedinShare on LinkedIn Share on deliciousSave to Delicious Share on instapaperSave to Instapaper While the pain of downsizing-related layoffs can’t be avoided entirely‚ it can be mitigated. Anticipating the duration and depth of an industry downturn‚ for example‚ can definitely
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with dire consequences. The following report includes expected reactions by employees who continue to work within an organization after a company downsizing. The report is further directed towards management efforts to repair the torn work atmosphere‚ as it includes cases that both convey ineffective downsizing practices and outline successful downsizing strategies. The extent of the research was conducted through many secondary sources‚ with the main content heavily based on previous academic
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